Schneider Electric SE (OTCMKTS:SBGSY) Short Interest Update

Schneider Electric SE (OTCMKTS:SBGSY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 282,883 shares, an increase of 64.7% from the July 30th total of 171,781 shares. Based on an average trading volume of 340,387 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBGSY. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Zacks Research raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Schneider Electric Stock Performance

Shares of SBGSY opened at $66.39 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61. Schneider Electric has a 52 week low of $48.94 and a 52 week high of $71.98. The firm’s 50-day simple moving average is $65.22 and its 200 day simple moving average is $62.65.

Hedge Funds Weigh In On Schneider Electric

Large investors have recently made changes to their positions in the company. Notis McConarty Edward lifted its holdings in Schneider Electric by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock worth $5,548,000 after purchasing an additional 425 shares during the last quarter. Madison Asset Management LLC boosted its stake in Schneider Electric by 2.7% in the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after purchasing an additional 6,591 shares during the period. Elefante Mark B grew its holdings in Schneider Electric by 10.0% in the 2nd quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock valued at $6,292,000 after buying an additional 8,800 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC bought a new position in Schneider Electric during the 2nd quarter worth $11,623,000. Institutional investors own 0.83% of the company’s stock.

About Schneider Electric

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.